You are provided with the following information of company XYZ (Pty) Ltd.

Sales (all on credit) R 653026

COGS / Sales 87%

Inventory turnover 13

Accounts Receivable R 597390

Accounts Payable R 298956

Credit purchases R 265243

Calculate the cash conversion cycle in days. (Hint: any part of a day constitutes 1 full day)

1)Inventory Conversion period:

2)Days Sales Outstanding

3) Payables deferral period

4) Cash conversion cycle